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20130113
20130121
Search Results 0 to 3 of about 4 (some duplicates have been removed)
CNN
Jan 19, 2013 10:00am PST
identify two distinct issues we have to deal with. you said of the upcoming debt ceiling showdown, the president wants an automatic credit card and he's not going to get one from the congress. i like to point out, i understand why that analogy has been made and in the past i have made it myself, but i sort of decided that i don't like it anymore because the debt limit's different from a credit card in that with a with regard you charge items when you purchase them with the intent, the agreement to pay that. the debt limit is not actually a license to spend but to pay bills. a bit of an anachronism. only denmark has it elsewhere in the world. it forces a discussion on spending cut but it's not what the debt limit is for. >> your explanations have been right on target. let me tell you what i would wish the president would do. i hope the president's successful, because as a country if he's successful, we'll be successful. but he's got to begin to negotiate with the house and the senate to find a path forward on spending less and borrowing less or we're going to be on an unsustainable
FOX News
Jan 14, 2013 6:00pm PST
to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from 5 trillion dollars for the first 42 presidents, number 43 added 4 trillion dollars by his lonesome, so we now have over 9 trillion dollars of debt that we are going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> sean: now at 16 trillion and $52,000 for every man, woman and child without unfunded liability. >> i posted 6 trillion dollars ago actually. another thing that he said, sean, i think is equally important, this means republicans don't want to pay our bills. i think he's missing the point entir
CNN
Jan 14, 2013 1:00pm PST
attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're not going to increase the debt ceiling unless they get spending cuts in return. so, it really throws into question, as president obama obv
Search Results 0 to 3 of about 4 (some duplicates have been removed)